Atria Wealth Solutions Inc. Sells 9,858 Shares of Nio Inc – (NYSE:NIO)

Atria Wealth Solutions Inc. trimmed its stake in shares of Nio Inc – (NYSE:NIO) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,272 shares of the company’s stock after selling 9,858 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in NIO were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in NIO. Blue Trust Inc. raised its position in shares of NIO by 138.5% during the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after purchasing an additional 3,607 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of NIO during the 3rd quarter worth $32,000. Trilogy Capital Inc. bought a new position in shares of NIO during the 4th quarter worth $45,000. U.S. Capital Wealth Advisors LLC purchased a new stake in NIO during the 4th quarter worth about $53,000. Finally, ABC Arbitrage SA purchased a new stake in NIO during the 4th quarter worth about $55,000. 48.55% of the stock is owned by institutional investors and hedge funds.

NIO Stock Down 3.4 %

NIO stock opened at $4.63 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. Nio Inc – has a 1-year low of $3.61 and a 1-year high of $7.71. The stock has a market capitalization of $9.65 billion, a P/E ratio of -3.06 and a beta of 1.68. The business has a fifty day moving average price of $4.36 and a 200-day moving average price of $4.78.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NIO. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th. HSBC lowered NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $6.60 to $4.80 in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $7.00 to $4.70 in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group cut NIO from a “neutral” rating to a “sell” rating and lowered their target price for the company from $4.80 to $3.90 in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.38.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.